AWF Madison bounces back from 2016 dip with 13% gain in annual profit

Thu, 25 May 2017

By Paul McBeth May 26 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, has recovered from last year's dip in earnings with a 13 percent increase in annual profit in an increasingly tight labour market. Net profit rose to $5.9 million, or 18 cents per share, in the 12 months ended March 31, from $5.2 million, or 16 cents, a year earlier, the Auckland-based company said in a statement. Revenue climbed 20 percent to $256.4 million, roughly the same pace of increase in employment costs to $229.2 million. AW...

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